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to 20 days. >> defense secretary leon panetta says that if sequestration kicks in and billions of defense cuts are allowed to stand, he will throw the -- it will for the defense strategy out the window. if congress does not act to stop this, there will be a $1.20 trillion cut in spending, half in the defense department, and no corresponding rise in taxes. what is your best guess, evan? will it happen? >> yeah, a kid is going to happen. >> mark, if it does happen, the consequences? >> carl levin, i respect as much as any member of congress, thinks the odds are about even. the iceberg is at there and we can see it and we continue to sail in the direction of that. i think republicans, particularly speaker boehner, don't want it. >> colby, how did it come to this? >> they kicked it down the road. they tried to put this up to frighten everybody, but they cannot get together on the questions of tax cuts, cutting spending, entitlement reform. we are not going to have a sequestration. we are going to have castration of the military, castration of domestic programs. they see it coming.
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